Is DeepSeek a Sputnik Moment?

I'm not sure that "software will eat the world," but it could consume the stock market bubble in a single gulp.

Is DeepSeek a Sputnik Moment? Let's break it down. The Soviet Union's October 1957 launch of the world's first artificial satellite, Sputnik 1, stunned the U.S., which reckoned it had a commanding lead in "the Space Race." (It turns out the U.S. had the capability of launching a satellite before Sputnik, but held off for various reasons.)

That a geopolit…